Listed by Acropolis Realty Group
$970,000
317 W. Fayette St
Details
Property Type Mixed Use
Sub Type Retail
Square Footage 3,360
Units 5
Occupancy 40%
Price per SqFt $289
Class B
Year Built 1917
Buildings 1
Stories 2
Acreage 0.040
Zoning MX-5
Mixed Use
Marketing description
Prime mixed-use investment opportunity in the heart of Armory Square. This ±3,360 SF two-story building is fully leased, featuring residential apartments and ground-floor commercial space with stable in-place income.
The ground-floor retail space is secured with a new long-term lease, providing additional income stability and minimizing near-term vacancy risk for investors.
Property highlights include approximately 40 feet of frontage and strong visibility in one of Downtown Syracuse’s most vibrant and walkable districts. Surrounded by restaurants, retail, and entertainment, this location offers a compelling combination of steady cash flow and long-term investment potential in a highly desirable urban corridor.
Investment highlights
- Mixed-Use Asset (±3,360 SF) – Two-story building with residential and commercial components
- Fully Leased Investment Property – Residential apartments and ground-floor commercial space fully leased with stable in-place income
- Long-Term Retail Lease in Place – Ground-floor commercial tenant secured with a new long-term lease, enhancing income stability
- Consistent Cash Flow – Established tenancy providing immediate returns and reduced vacancy risk
- Approximately 40’ of Frontage – Strong visibility in a high-traffic downtown corridor
- Located in the Heart of Armory Square – Walkable to restaurants, retail, and entertainment
- Positioned in Fast-Growing Downtown Syracuse – Benefiting from major public and private investment, population growth, and continued development momentum
- Strong Residential & Commercial Demand Drivers – Proximity to major employers, hospitals, universities, and mixed-use redevelopment projects
Listing Contacts
Listed by Acropolis Realty Group
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Zoning
MX-5 MixedMixed UseCentral Business District
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